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08.02.201908:32 Forex Analysis & Reviews: Forecast for EUR / USD pair on February 8, 2019

Long-term review

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EUR / USD pair

The euro continues to decline as part of our main scenario. On the daily and four-hour charts, the Marlin oscillator signal lines turned upward, indicating a correction. Growth is likely to take place in the range of 1.1375/95, defined as the resistance of the daily price channel line and the MACD line on H4. However, the price can still reach the target level of 1.1302 then the correction will be conditioned by convergence with the Marlin indicator on H4. In this case, the correctional growth would be somewhat less than a certain range of 1.1375/95. Fixing the price below 1.1302 opens the second target of 1.1262.

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